The Ai Group Australian Performance of Manufacturing Index went down to 52.4 in May of 2022 from 58.5 in the previous month. The reading pointed to the slowest growth in factory activity since a contraction in January. Most manufacturing activity indicators, including production, employment, and new orders, remained expansionary while sales, exports, and supplier deliveries contracted. source: Australian Industry Group
Manufacturing PMI in Australia averaged 50.99 points from 1992 until 2022, reaching an all time high of 63.20 points in June of 2021 and a record low of 29.47 points in February of 2009. This page provides the latest reported value for - Australia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Manufacturing PMI in Australia is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Manufacturing PMI is projected to trend around 53.00 points in 2023, according to our econometric models.